Chapter 374: Recovering Funds
After dinner, Su Heyuan sent Susan home. On the way, she said, "Sister, it's actually a good thing for me that you stay. But the opportunity is rare, I'm afraid you will regret it?"
"Miss Lu just opened a store, why are you so optimistic?"
Su Heyuan smiled and said, "Compared to the financial and real estate businesses, the profit of clothing companies is not high, but she gave up the real estate business to open a clothing store. Do you know why?"
"Why?"
Su Heyuan explained, "Because she likes it, she is willing to spend energy and financial resources to do it, and she will definitely do it well."
In fact, he really wanted to invest, but he didn't speak because he knew that Lu Jiaxin would not agree.
Susan asked again, "Did you just say that Miss Lu gave up the real estate business? This real estate business is not so easy to do. My father and eldest brother also invested before, and they all lost money."
Su Heyuan meant that Lu Jiaxin opened a real estate company, but Susan thought he was talking about investment, but he didn't explain: "With Nie Zhan here, you can't lose money even if you want to."
Susan thought about it and thought so.
When she went back, she asked her husband's opinion, and her husband opposed her going to Lu Jiaxin. After all, Lu Jiaxin only opened one store, while Chery is a company with an annual profit of tens of millions.
After thinking it over again and again, Susan decided to join Lu Jiaxin's team. First, Lu Jiaxin is very sensitive to fashion and has talent in this area; second, Xu Yue is quite famous in the circle. She gave up joining a big company and followed Lu Jiaxin, and she must think that the prospects are better; third and most important, that is Su Heyuan's words. The two have worked together for so long, and she knows that Su Heyuan is not a person who talks nonsense.
Her husband was very angry when he saw that Susan didn't listen to him, and the couple had a quarrel. However, this did not change her mind, and she gave Lu Jiaxin a positive answer the next day.
Lu Jiaxin smiled and said, "Then you hand over as soon as possible, and then come over."
She didn't want to make herself too tired, so she only planned to grasp the general direction of Green Forest, and the agency rights and product selection were left to Xu Yue, and the company's operations were planned to be handed over to Susan.
Susan brought up her assistant, and the handover was completed in three days and reported to Lu Jiaxin. At this time, Xu Yue had already settled the celebrity endorsement issue. She was responsible for the subsequent shooting and publicity, which were her strengths and she quickly got the hang of it.
On the first night of the shooting, Susan went to report to Lu Jiaxin, but was interrupted after just a few words. Lu Jiaxin said, "Since I'm handing these things over to you, there's no need to report everything. Sister Su, I only look at the results. You decide the process and I won't interfere. You've been in this industry for almost 20 years. I believe in your vision and ability."
Susan was stunned. After a while, she nodded and said, "I know."
Lu Jiaxin said, "I have transferred three million to the Green Forest account. Sister Su, there must be our advertisements on TV, clothing magazines, buses, and bus stops."
Susan didn't expect her to be so generous: "Boss, this will cost a lot for publicity."
"You don't have to worry about the money. Just make a budget for me. By the way, if you know someone with publicity skills, you can also poach them."
Susan felt relieved and agreed with a smile. He Yuan said that he would regret not following Miss Lu, and she now agreed with this. The boss is not only very sensitive to fashion, but also very wealthy and willing to spend money. The store will definitely be popular.
After sending Susan away, Lu Jiaxin calculated the liquidity on hand. Since January, the down payment for the villa plus taxes and other expenses are 17 million Hong Kong dollars, the acquisition of the property company and the expenses after taking over are more than 48 million, the Green Forest store rental and agency fees have reached more than 5 million so far, and the Gu residence and her own expenses have also exceeded 4 million in the past six months.
With this calculation, nearly 10 million green coins have been spent, and there are still about 13 million on hand. However, she plans to buy high-quality properties next, and this money is not enough.
The next morning, Lu Jiaxin called Wu Ziyue and asked him how much green coins/yen he had now. Hearing the current exchange rate, it has dropped by 50% compared to before the agreement. Compared with the exchange rate when Lu Jiaxin bought it for the third time, it has dropped by another 30%.
At that time, she bought in 50 million green coins, using a 10-fold leverage, which means she earned another 150 million green coins (excluding taxes and fees); in addition, Standard Chartered and HSBC each bought 5 million green coins, without using leverage, and the two companies together earned 3 million green coins; the principal plus profit on the Hong Kong City side was 213 million, and after deducting taxes, fees and commissions, she got more than 187 million; she transferred 800 million to Nie Zhan, earning 240 million green coins, which together amounted to 320 million green coins. Lu Jiaxin didn't know how much tax, fees and commissions there were, so she would ask Nie Zhan later. This does not include the 20 million green coins used to buy stocks, which have also increased a lot in the past six months.
After the calculation, Lu Jiaxin was very satisfied. The first goal, financial freedom before the age of 20, had been achieved. The next goal was the second goal, to establish her own brand before the age of 25. She felt that this goal could be achieved in less than five years.
When Wu Ziyue heard her say that she wanted to close the position, he immediately agreed. This drop had already made a lot of money, and it was wise to know when to stop.
Lu Jiaxin did not stop when she saw the good news. She remembered that the exchange rate of Greencoin/Japanese Yen had fallen by more than half in two years. Now it was only 50%. She could still make money by continuing to short. However, the decline could not be so large, and there would definitely be fluctuations.
After thinking for a while, Lu Jiaxin said, "Manager Wu, I want to continue to short. The principal is 50 million, and the leverage is 5 times. There should be orders to do, right?"
Wu Ziyue thought about what she said when she shorted Greencoin/Japanese Yen would continue to fall in the next year, and smiled and said, "Yes, you can buy all of them."
After hearing this, Lu Jiaxin thought for a moment and said, "Since there is an order to do, then buy 100 million with a five-fold leverage."
Wu Ziyue smiled and nodded in agreement, saying, "I will help you close your position when the market opens tomorrow, and then help you buy it."
"Okay." Lu Jiaxin said. Tomorrow she will transfer the money in the account, and then find Tan Gang and He Bin to discuss the purchase of real estate.
As for Nie Zhan, he didn't call. The two of them had already agreed to have lunch together at noon, and then go on a date. Couples should still meet and date frequently, so that their feelings will become deeper and deeper. If they don't meet for a long time, spiritual platonic love only exists in movies and novels, and in reality it basically ends in a breakup.
At lunch, Lu Jiaxin expressed her thoughts: "After closing the position, I will keep another 100 million to continue buying. According to the five times leverage you mentioned before, I plan to hold this until the end of the year."
Nie Zhan did not give any more suggestions. He made three times the profit this time, and it was not risky to keep 100 million to continue short selling: "Okay, then will the rest of the money be transferred back?"
Lu Jiaxin shook her head and said: "Leave half there. I plan to open a few accounts on Wall Street, so that it will be convenient to buy stocks or speculate in foreign exchange."
There was no way before. She couldn't open an account in any country before she became an adult. It would be better to ask Nie Zhan to help her buy than to ask others for help. Now that she is an adult and has no such constraints, she doesn't want to bother Nie Zhan anymore.